CIMB all-digital bank claims 1M clients

CIMB Bank Philippines also gives customers the highest savings interest rates of up to 4 percent, the highest in the market today.

CIMB Bank Philippines surpasses the target for expanding its consumer base, successfully signing up over a million Filipinos to its all-digital mobile banking platform in just 10 months.

This makes CIMB Bank Philippines the fastest-growing digital bank in ASEAN, solidifying its position as a market leader in digital banking both in the Philippines and in the region. Aligned with their vision of financial inclusion and financial freedom, CIMB Bank Philippines has committed to making banking more simple, transparent, and hassle-free through the CIMB Bank PH mobile app using advanced technology capabilities to provide a safe and secure digital banking experience.

This has resulted in bringing more people into the formal banking sector — four out of 10 new customer sign-ups were made by Filipinos opening a savings account for the first time ever.

The CIMB Bank PH mobile app utilizes advanced facial recognition technology, allowing customers to safely and securely open a savings or loan account in just 10 minutes.

It also provides customers with 24/7 access to perform any banking transaction through their smartphone.

CIMB Bank Philippines savings accounts have zero maintaining balance requirements, no transaction fees, and no initial deposit requirement to open an account.

CIMB Bank Philippines also gives customers the highest savings interest rates of up to 4 percent, the highest in the market today, helping customers get the best return on their savings. Account holders may also carry out online fund transfers via PESONet and DragonPay for free.